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5 May 2015
CAD/JPY en-route to 102/103 - TDS
FXStreet (Guatemala) - Analysts at TD Securities offered the CAD/JPY in a technical snapshot.
Key Quotes:
"CADJPY’s rally stalled a fraction under 100 earlier today but the technical picture remains favourable and the CAD’s push above resistance in the upper 98s (finally) suggests that the rally is picking up a bit more momentum."
"We noted previously that trend momentum oscillators are aligned bullishly across a range of time frames."
"The same can be said for the CAD’s position on the cloud charts where short, medium and longer-term signals are also aligned bullishly. Renewed gains (after the CAD rally looked stalled) have come just in time; target a rise to 102/103 from here."
Key Quotes:
"CADJPY’s rally stalled a fraction under 100 earlier today but the technical picture remains favourable and the CAD’s push above resistance in the upper 98s (finally) suggests that the rally is picking up a bit more momentum."
"We noted previously that trend momentum oscillators are aligned bullishly across a range of time frames."
"The same can be said for the CAD’s position on the cloud charts where short, medium and longer-term signals are also aligned bullishly. Renewed gains (after the CAD rally looked stalled) have come just in time; target a rise to 102/103 from here."